LOOK FORWARD TO TAX SEASON
SMALL BUSINESS OWNERS: YOU COULD QUALIFY FOR A 2023 TAX DEDUCTION OF UP TO 80% OF THE PURCHASE PRICE.
You can get more tax benefits when you purchase the vehicles that give you more. Both large and small businesses may be eligible to immediately deduct up to 80% of the purchase price of qualifying vehicles.
All passenger automobiles can qualify for a deduction of up to $20,200, while certain larger vehicles may qualify for a deduction equal to the full purchase price. Consult your tax advisor for tax implications and saving opportunities.
With these new tax depreciation laws, you can save next tax season on the vehicles your business purchases today. There’s never been a better time to add the quality and dependability of Cadillac vehicles to your fleet.
Learn more about the Section 179 tax deduction.
FIRST YEAR VEHICLE DEPRECIATION LIMITS FOR 2023
There are some limitations to the expense deduction, including vehicle eligibility.
UP TO $20,200 PER VEHICLE
No aggregate limitation. Total deduction per car.
CT4
CT5
XT4
UP TO 80% OF PURCHASE PRICE
No per-vehicle or aggregate limitation. Total deduction per SUV or truck with GVWR of more than 6,000 lbs. but less than 14,000 lbs.
XT5
XT6
LYRIQ
Preproduction model shown. Actual production model will vary.
ESCALADE
ESCALADE ESV
BUILD ON YOUR BREAK
Whether you’re shopping for a new vehicle for your business or looking for innovative ways to increase productivity, we have you covered. Explore the programs we’ve developed to keep your business running effectively and efficiently.
COMMERCIAL VEHICLE LENDING PROGRAM
The experienced team at Cadillac Financial understands the sophisticated demands and complex financing requirements of today’s commercial borrower. Our suite of Commercial Vehicle Lending products is designed to suit your unique business needs.
THE LESS-TAXING WAY TO RUN YOUR BUSINESS
Keep your business running at maximum efficiency with Commercial Link—the simple and easy vehicle management system available through OnStar®.
A NEW BUSINESS VEHICLE IN THREE STEPS
Whatever your business needs, our lineup has something to offer. Start building your Cadillac to locate matching vehicles at a dealer near you.
